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Federal and State Capital Gains tax on sale of primary home in KY
We just sold our primary residence of 15 years and bought another house. We made $150,000 on sale and immediately put $50,000 into purchase of new home. Closing cost deductions were $30,000, so our profit not invested presently is $70,000. We currently make less than $150,000 in income. What will be my tax implications for federal and state of KY?
Thanks for your help!
‎July 17, 2021
11:57 AM